Magna Mining Inc (NICU) Financings
TSX: NICU · Copper, Nickel · Production stage
- Market cap$717.3M
- Share price$2.29
- 52-week range$1.88 – $3.94
- Shares outstanding313,221,213
- ExchangeTSX
- Websitewww.magnamining.com
Magna Mining Inc. is a producing mining company with a strong portfolio of copper, nickel, and precious metals assets located in the world-class Sudbury mining district of Ontario, Canada. The Company's primary asset is the McCreedy West Mine, currently in production, supported by a pipeline of prospective past-producing properties including Levack, Crean Hill, Podolsky, and Shakespeare. Magna Mining is strategically positioned to unlock long-term shareholder value through continued production, exploration upside, and near-term development opportunities across its asset base.
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Magna Mining Inc financial statements
Key figures read from 42 of 42 financial statement filings, Oct 28, 2016 to Aug 12, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 thousands | Dec 2024 | Dec 2023 | Jan 2023 | Dec 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$55,899 | C$17,535,316 | C$10,890,288 | C$6,175,126 | C$6,175,126 |
| Total current assets | C$88,665 | C$21,016,088 | C$11,932,726 | C$6,905,150 | C$6,905,150 |
| Total current liabilities | C$28,166 | C$3,642,617 | C$4,586,875 | C$4,348,164 | C$4,348,164 |
| Working capital | C$60,499 | C$17,373,471 | C$7,345,851 | C$2,556,986 | C$2,556,986 |
| Exploration and evaluation assets | C$83,078 | — | — | — | — |
| Property, plant and equipment | — | C$78,763 | C$94,678 | C$96,251 | C$96,251 |
| Total assets | C$193,924 | C$39,570,798 | C$12,767,258 | C$25,072,706 | C$7,695,916 |
| Debt | C$23,659 | C$0 | C$0 | C$30,000 | C$30,000 |
| Total liabilities | C$95,250 | C$4,527,283 | C$5,432,465 | C$5,073,623 | C$5,073,623 |
| Shareholders' equity | C$98,674 | C$35,043,515 | C$7,334,793 | C$19,999,083 | C$2,622,293 |
Income statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | C$58,834 | — | — | — | — |
| Cost of sales | C$60,915 | — | — | — | — |
| Exploration and evaluation expense | C$8,226 | C$10,116,892 | C$7,783,930 | C$19,814,961 | C$3,771,965 |
| General and administrative | — | C$5,038,372 | C$2,110,059 | C$1,133,742 | C$642,689 |
| Share-based compensation | C$4,065 | C$1,840,375 | C$1,458,031 | C$741,790 | C$643,252 |
| Net income (loss) | (C$16,983) | (C$16,267,727) | (C$9,859,046) | C$338,825 | C$71,314 |
Cash flow statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$35,098) | (C$17,809,323) | (C$10,535,734) | (C$18,167,799) | (C$5,768,362) |
| Investing cash flow | (C$12,206) | (C$186,545) | (C$122,023) | (C$307,012) | (C$319,996) |
| Financing cash flow | C$85,668 | C$24,640,896 | C$15,372,919 | C$18,967,605 | C$9,609,765 |
| Exploration spending (capitalized) | (C$7,798) | — | — | — | — |
| Property, plant and equipment spending | — | (C$24,371) | (C$34,304) | (C$56,227) | (C$16,115) |
| Proceeds from share issues | C$56,831 | — | — | — | — |
| Change in cash | C$38,364 | C$6,645,028 | C$4,715,162 | C$492,794 | C$4,161,399 |
| Cash at end of period | C$55,899 | C$17,535,316 | C$10,890,288 | C$6,175,126 | C$5,682,332 |
Magna Mining Inc financings
4 financings announced or closed by Magna Mining Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-06 | Magna Mining Inc (NICU) | Private placement, non-brokered | Closed, 1 tranche | $140.0M | $2.25 | Magna Mining Announces C$140 Million Strategic Investment by Alpayana |
| 2025-09-19 | Magna Mining Inc (NICU) | LIFE offering, brokered | Closed, 1 tranche | $50.0M | $2.40 | Magna Mining Announces Closing of Brokered Offering of Common Shares for Gross Proceeds of Approximately $50 Million |
| 2025-02-05 | Magna Mining Inc (NICU) | Convertible debenture, brokered | Closed, 1 tranche | $33.5M | $1.55 | Magna Mining Announces up to $25 Million Private Placement |
| 2024-10-10 | Magna Mining Inc (NICU) | Private placement, brokered | Closed, 1 tranche | $21.9M | $1.05 | Magna Mining Announces Private Placement of Common Shares |
Magna Mining Inc debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Magna Mining Inc has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-03-05 | Convertible debenture, closed / funded | — | C$23.97M | 10%, matures 2029-03-05 |